The Digital Payment Market size is projected to reach a CAGR of 16.1% from 2022 to 2028.
Digital payment is a way of payment, which is made through digital modes. In digital payments, the payer and payee both use digital modes to send and receive money. It is also called electronic payment. No hard cash is involved in digital payments. As per industry standards, DP is defined only as non-cash transactions done through digital channels. Only consumer transactions are considered through digital commerce (payment processed using online card payments, direct debit, online payment gateways, etc.) or mobile PoS payments (payment processed at PoS using smartphone and wallet transactions).
Owing to the worldwide initiatives for the promotion of digital payments, high proliferation of smartphones enabling mCommerce growth, increase in eCommerce sales, and growth in internet penetration are some of the factors that have supported long-term expansion for Digital Payment Market.
APAC is projected to witness the highest growth rate. The countries in the region have undertaken major initiatives to improve the payment industry.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 16.1% during the forecasting period, 2022-2028 |
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Historical Data |
2019-2020 |
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Forecast Years |
2022-2028 |
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Base Year |
2021 |
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Units Considered |
Revenue in USD billion and CAGR from 2022 to 2028 |
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Report Segmentation |
component, deployment type, organization type, organization size, vertical and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Aliant Payments; Aurus Inc.; Adyen; Financial Software & Systems Pvt. Ltd.; PayPal Holdings Inc.; Novatti Group Pty Ltd.; ACI Worldwide, Inc.; Global Payments Inc.; Wirecard, and Authorize.Net. |
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Available Customization |
In addition to the market data for Digital Payment Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Digital Payment Market is segmented into component, deployment type, organization type, organization size, vertical and region.
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